%0 Journal Article %A Ban-Ban WANG %A Jin-Peng HUANG %A Xiu-Jie TAN %T Evaluation on carbon price stabilization mechanism of Hubei ETS pilot and its policy implications %D 2018 %R 10.12006/j.issn.1673-1719.2017.217 %J Advances in Climate Change Research %P 310-317 %V 14 %N 3 %X

There are many factors that can influence the demand and supply of allowances in carbon emission trading system. To avoid a severe unbalance between demand and supply of allowances or an excessive fluctuation of carbon price, the Hubei ETS pilot set up a systematic carbon price stabilization mechanism, including classified allowance management, automatic cancellation, ex-post adjustment, allowance reserve and price limit, which has been exerting positive effects. In conclusion, attention should be paid on carbon price stabilization mechanism in the establishment of the national carbon trading system.

%U http://www.climatechange.cn/EN/10.12006/j.issn.1673-1719.2017.217